China Railway Construction Corporation (CRCC) and African Development

Alicia Girón

Journal of Economic Issues, 2024, vol. 58, issue 2, 424-439

Abstract: To talk about Africa’s economic development without referring to infrastructure investments made by large Chinese corporations would be to deny the changes in international cooperation between the countries of the Global South. An economic and political project of the People’s Republic of China, whose strength base has been a Big Government and Big Bank accompanied by economic and financial reforms and a long-term imperial vision, the central hypothesis in Hyman Minsky’s work that underlines the importance of public companies and the exercise of a monetary and fiscal policy focused on employment creation with a significant expansion of capital exports. The Great International Financial Crisis (GIFC) strengthened under the Belt and Road Initiative (BRI) along with a social reproduction process of the State capital with a long-term global vision explains the great Chinese corporations. In this essay, we will demonstrate the positioning and growth of large Chinese corporations, interrelated with profound economic and financial reforms in China since the 1980s. Firstly, the focus will be the investments of China Railway Construction Corporation (CRCC) globally; secondly, there will be a brief account of the investment projects on the African continent; lastly, we will pay particular attention to the institutional investors participating in the CRCC.

Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/00213624.2024.2343247 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:jeciss:v:58:y:2024:i:2:p:424-439

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MJEI20

DOI: 10.1080/00213624.2024.2343247

Access Statistics for this article

More articles in Journal of Economic Issues from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().